While fear grabs the wider crypto market and many Traders are panic sales Their Ethereum -holding, a choice takes the opposite approach and intercepts as many ETH tokens as possible in the middle of market. New data from blockchain analytics platform lookonchain reports that this Ethereum -choice Have just scooped up an astonishing ETH by $ 127 million, raised the eyebrows over the crypto community and indicates that they may know something the market does not.
Ethereum Whale goes full dip -in mode
While the market is facing volatility from Bitcoin price accident and the increasing uncertainty from Israel-Iran conflictA large Ethereum -choice makes a striking move of Accumulating 48.825 ETH. This massive ETH traits, which were purchased from large cryptout changes such as Coinbase and Wintermute, are valued at a huge $ 127 million.
Especially, Lookonchain emphasizes that Large -scale purchase had occurred during a period of intensive panic sales and uncertainty in the audience. By highlighting the strategic ability of this election, the analysis platform revealed that they had previously received an impressive $ 30 million in profit from a previous ETH trading. Now the large -scale investor seems to re -enter the market, especially at a time when Prices are expected to fall dramatically.
Based on the time of valence purchases, it seems that the investor is taking a Purchase strategyTake advantage of steep prices to collect more ETH. This shows trust in Potential for Ethereum to grow When the market is stabilized.
By moving forward, Lookonchain reveals that the Valen’s latest purchase of $ 127 million was made at an average price of $ 2,605 per coin – a level that many in retail mass fear can still have room to fall. Yet, for this investor, Latest market decay has become an opportunity worth exploiting for future profits.
Transaction register also shows large inflows of ETH to a single receiving wallet, with high value transfers that come in rapid succession. These included movements with several million dollars from Coinbase hot wallets and Wintermute’s trading addresses, consolidated tens of thousands of ETH coins in a short window.
Before these ET acquisitions, the elections had received over $ 127 million in USDC Stablecoin, which possibly proposed a planned and calculated trait rather than a spontaneous dip purchase.
Strategic timing or insider movements?
Although there is no direct evidence that this choice has insider information, suggests the time and scale of ETH accumulation a strong conviction in Ethereum’s view of the long term. This type of aggressive purchase rarely happens without premises, and based on past buying behavior, this is not just another speculative trader.
As Lookonchain reported earlier, this valence wallet is linked to a history of well-timed ETH games. In crypto community has many members expressed admiration for the valence strategic game. Some highlight The fact that their analysis based on the previous profit of $ 30 million is proof of sharp marketing. Other believe That when the market sits down and leaves its Baisse phase, the investor can be positioned for even greater profits.
Image from Unsplash, charts from TradingView
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